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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify
11 Jun 2023 01:00 Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license, allowing it to offer new digital banking solutions via MB Pay. [...]
Centralization of control and self-organization of entropy The self-organization of entropy runs against entropy, as it implies that order can arise from disorder, while the latter claims that a particular system moves toward disorder or randomness. [...]
Google Cloud now offering free AI courses The courses dive into generative AI, large language models, image generation and other features under the Vertex AI, Google’s machine learning platform. [...]
Standard Chartered, PwC see potential for programmable CBDCs in China’s Greater Bay Area The "Co-creating the future ecosystem with Central Bank Digital Currencies" white paper notes that China's Greater Bay Area is prime real estate to test CBDCs, given the diversity of currencies in the area. [...]
Rich Dad Poor Dad Author Robert Kiyosaki Warns of ‘Greatest Real Estate Crash Ever’
Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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